I know I must be a little crazy.....
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daveg14
Posts: 3 Newbie
....but, at the ripe old age of 64 (and a half....ish!), I'm retired and mortgage free, and I'm considering the possibility of purchasing a holiday home, for around 85-100k; My question is, could I get a mortgage/remortgage, based on my pension being my sole income, and for a period of say 15 years, or would it have to be a secured loan on my house, (approx value 300k)......subject of course to being able to afford the repayments!!
Not even sure if this is the right question, or the forum to be asking on, but I'm sure there's an Oracle or three can point me in the right direction?
Thanks folks..........Dave.
Not even sure if this is the right question, or the forum to be asking on, but I'm sure there's an Oracle or three can point me in the right direction?
Thanks folks..........Dave.
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Comments
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You'd be better off moving this to the main mortgage forum, there be mortgage advisors and their ilk lurking there
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I do think I read somewhere you could get a mortgage up to your 80:eek::eek::eek: but I take it your pension would need to be a good one.
I got a mortgage 4 years ago that would take me up to I'm 70 :eek::eek::eek: hence the reason I'm on this forum Always have 00.00 at the end of your mortgage and one day it will all be 0's :dance:MF[STRIKE] March 2030[/STRIKE] Yes that does say 2030 :eek: Mortgage Free 21.12.18 _party_Now a Part Timer from 27.10.190 -
Thanks for that0
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Good call 0
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